after reevaluating they will have to stop buyback and dividend payments. [closing bell ringing] the stock is down dramatically. david: there are bells ringing on wall street. folks, we have a lot coming after-hours. we have herbalife. huge fight between icahn and ackman, will anyone win? is anything showing up looking at earnings report whether ackman's crusade against herbalife has any effect. as we see a split decision on various indices. dow jones, s&p, pulling out nice gains of the not speck lar gains, when you think where we came from, these are nice gains. nasdaq, .03 to the negative side. put that in context, liz, it was 1.43% to the downside. so a huge comeback from the nasdaq. liz: in fact a swing of 90 points all said and done for the nasdaq a lot of whiplash here. time for our front page headlines. pharmaceutical giant pfizer

refusing to give up the attempt to take over astrazeneca for as much as $100 billion. pfizer has made a new approach even though astrazeneca is declining to engage in stocks. david: let's talk about comcast. the stock rose after it came out with deal with charter communication to divest itself of 1.3 million subscribers. it hopes it will help with its approval to take over time warner communication. liz: holl land's plan to take over french power equipment business alstom. david: sales of previously owned u.s. homs rose in march the national association of realtors said the pending home sales index rose 3.4%. liz: company announced buying furx pharmaceuticals for 1.6 billion. they make a treatment for irriddable bowel syndrome. david: president obama very u.s.

visiting the philippines taking new action from russia trying to stir up rebellion in the ukraine. targeting seven powerful russians and 17 russian companies. herbalife coming out in just a moment. "after the bell" starts right now. liz: what a day. what a monday! david: very busy day. liz: action understatement. let's talk about with nicole petallides on floor of new york stock exchange, and mark luschini, janney montgomery scott chief investment strategist who is here to tell you how to navigate this turbulent market. first we have scott shellady down in the pits cme. david: look at him. liz: ukraine, but also could do with what happened with bank of america. why the huge swings today on larger than normal volume? >> i think it goes to show you

how skiddish this market really is. last year was a buy the dips kind of scenario. this year, you have to be more, last year you could have invented like neanderthal. this year you have to invest like a neurosurgeon. you have to be much more careful. the market is skiddish that way. people are selling strength and try to pitpick it back up later. it is a very skiddish market. be extra careful do your homework. and invest like a neurosurgeon, like a neanderthal. the guys hyped me are crazy. they think it was all ukraine. you could have argued anything today and would have had a good point. so we'll see. david: nicole we're looking core conviction on trades whether downside or upside. conviction was to the upside, right. >> pretty impressive to see. volatility has been the nail for this market in the year 2014. today conviction behind it. numbers are still settling but 808 million shares changing hands at new york stock exchange.

slightly heavier day than usual. people on vacation over last couple weeks. we had several holidays. people are back. it is very interesting. when europe closed we started to see we sold off, we started to come back. a wild day on wall street. was up, it was down. nasdaq is the big story. apple at new highs. linkedin at new lows. gold not even at 1300 market. sort after wild day. liz: let's bring in money man mark luschini. you invest for the long term. you say one day does not a trend make. you look at earnings come out. close to 70% beat expectations. capital iq says all 10 sectors move higher for 2014. how do you go forward and invest with days like this to scare you? >> we try not to allow days like this to scare us, liz. otherwise it would take us off the game. we say equitying will be

rewarding experience for investors again in 2014. not on the same order of magnitude as 2013 was certainly because we don't expect the same multiple expansion to be a contributing factor the rise in equity prices this year. we think it will be much more dependent on earnings increases. we expect that as by-product of improving economic growth over the rest of this year. david: scott shellady, teddy weisberg is friend of ours. we were hoping to get him on. we will get him on later in the week. he said what do you want to talk about? what about the fed decision. he wrote back, sure he wouldn't mind saying what he said. do you honestly saying anything that is newsworthy. do you agree? >> i absolutely agree 100%. i will go one step further with all the verbiage i think everything is in the keg. i think five minutes whatever we hear from the fed if it is nothing or anyway we'll go right to the non-farm job number and worry about that it will be

about details and details are on friday, not with the fed meeting. >> not with the fed meeting. nicole, you stand on that floor every single day. fed meetings tend to crystallize what traders are waiting to hear about and they start trading right after. what do you expect? >> before, after, they wait on, hang on every single word, liz. on one hand everybody is so tired of fed speak, they know the economy is not a great story. housing picture goes back and forth. honestly they hang on every single word the fed says. that provide clarity. that is what everybody looks for very closely. i see ted weisberg over my shoulder? you spy ted? david: he is talking to the australians. >> sky news sister station. david: right, exactly. he said he will be finished with the aussies by the time we want him thursday or friday. mark, one thing that the fed is going to do, vanely i assume will have impact on markets. that is when they stop buying bonds. they're eventually going to do

it, they say sometime this year. what happens to the market when they stop buying. >> effectively it is raising interest rates. mr. bernanke sim self said effective qe was to lower interest rates by 3/4 of 1%? wouldn't converse be true, once qe program ends under current tapering regime likely occur in act this year, tantamount to 3/4 is of 1% tightening interest rates. that should not be threatening to equity prices or off put, if that occurs in october, we're six months closer to inevitable change in fed funds rate that might be sources of turbulence for equity prices. liz: mark, putting that thought into its own box what do do you want to tell our investor viewers about? there are three names we'll put on the screen what are about some names, microsoft is

fascinating with brand new leadership, satya nadellala. i haven't seen microsoft at 40.87dole, look at this, david, $40.87, in a long time, nice day for microsoft. minnesota mining and manufacturing having a decent day. halliburton down slightly. >> what you have there basically our theme of cap-ex facing tech in the form of microsoft which finally begun to catch a bid as you were alluding to, liz. we think it is pretty cheap. 15 times earnings foe ward and $50 billion in cash. in addition a industrial company that produces long and short cycle products to take advantage of increasing global activity. last but not least the energy renaissance taking place in north america which halliburton is major oil services company is beneficiary of. it is a play on pro-risk stance we act advocated not just for domestic exposure but synchronized global economic

expansion. david: scott, i have just to wrap but i have to ask you if you see conviction in the market like this on the buyside tomorrow, are you in or not? >> yeah, i'm in. it is going to be bumpy but yes i'm in. i think by end of the year, because we're going to have probably an 8% gain on the s&p by the end of the year. but it is going to be a hairy ride. i think if we see conviction, there was good healthy paper buying in here today. if that continues tomorrow i think that will be good for the short term. liz: 8% is lot better than 10-year-year-old. so -- david: good point. liz: good to see you all. scott shellady, mark luschini and nicole petallides. if you're looking for an alternative investment other than stocks and bonds, how about investing in a real football player? we'll show you how you can score a touchdown maybe in your portfolio by buying a stake in an nfl player. david: wow. also the great rate debate. the federal reserve is in a bind with a huge expansion of its

balance sheet. guess what? it is now $4.1 trillion. some say it's no big deal. others wonder what happens when it all standards to unwind. cme bull versus bear debate. this will be a lot of fun of the these guys hold nothing back of the that's next. >> the news flow around this story is unbelievable. the financial fallout from l.a. clippers owner don sterling's comments on race has begun and is in full swing. a rising number of sponsors pulling out including red bull in just past couple of hours. "wall street journal" lee hawkins says it could end up being a positive for the nba. he is our guest live. join the conversation. will donald sterling end up selling be force to sell the l.a. clippers. david: what do you think? liz: i could. david: i don't know. it has never happened before. tweet us @fbnatb. your answers later. ♪ [ male announcer ] what if a small company

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ask your doctor about axiron. liz: we're looking at shares of underarmor feeling the pressure today. let's head back to nicole petallides on floor of the new york stock exchange. >> when i look at underarmor here, you have watched this stock under some pressure recently today. it is down 3 1/2%. this month it is down nearly 20% for the month of april. however, you do have the

analysts saying, look it is still a great company. deutsche bank think it is a great company, has a great lineup of the initiatives in women's footwear and international business are looking good. however they're keeping it as a hold, saying the stock is a lyle pricey. they delivered on the latest earnings report, however people were expecting a little bit more from under armour. there were slightly higher expectations on under armour, that is why you've seen the stock beaten down this year. still a winner over last 52 weeks. up nearly 75%. if my kids are any indication of this one this should be through the roof. so i hardly think it is out of favor. just that the stock has run up and some of the analysts are thinking, you know what? take a little breather on this one. you have a hold rating on this one. david: good sufficient. liz: thanks, nicole. david: on friday cme contributor alan knuckman made a point about the fed that rather firmly contested. take a look. >> fed has been in this business

for a long time. not recently they supported market when they thought -- david: hold on, alan. not like this. no, no. no, no. there has been, this is historic. >> they will do what they can do. >> alan, $4 trillion portfolio. we've never had anything close to that, come on. so with the fed meeting this week to talk among other things about how to unwind that $4.1 trillions portfolio we decided to bring alan back along with another cm e-trader with slightly different view of things, our old buddy todd horowitz. you guys are together. don't get violent with each other. you promise me that before we begin this, right? >> absolutely. david: it is after all good television. todd, first to you. we heard from alan, i say that unwinding an historic $4.1 trillion portfolio is a big deal. alan, doesn't see it as such a big deal. what do you think? >> hi, david. you know i think this is a huge deal. i think this will cause a tremendous ripple effect.

if we haven't noticed it is causing an effect in overall market. we have no growth. we're not getting new jobs. we're not seeing additions to the economy. i can't wait to see the new gdp when this is all said and done. we have some issues we keep sweeping under carpet with the keynesian economic theory we print money and we've seen this in past many, many times, cheap money eventually it comes to an end and comes to an end very violently. david: not just me saying this, todd saying this, but members about fed. richard fisher, dallas fed president. some say smartest person in the room. i had an interview with him a while back. here is what he said to say unwinding this portfolio. >> the issue for me how do we get out of huge expansion of our balance sheet and what is the risks we do so as interest rates come up as economy improves the economy is improving gradually david, but it is moving forward.

david: alan, the point it is going to be unwinding this debt somehow. they will stop buying bonds. what happens to the market then? >> well everybody has bond in their portfolio. the fed can hold these bond and receive the interest every month. they don't have to sell those. if you look at interest rates we're still tis toreally low levels. we're not even near the midpoint. look at 10-year note last 20 years the midpoint is 4.75%. we're at 2.7%. we're 70% below the midpoint last 20 years. when rates do rise, they will rise, they can't go any lower, when they go back up that is sign of healthy markets and supply of supply and demand and fact that markets want highers rates. david: healthy markets is not necessarily good news to investors, todd horowitz. they don't like it when interest rates go up. >> you know, actually, in the truth, higher interest rates would help. and a healthy economy but difference we don't have a healthy economy here.

you go back to the same thing. look at banks. the banks will not provide liquidity to the average american. why? because they can't make big enough spread. so what are they doing? they're taking money of the spread and giving it back to the full, faith and credit to the u.s. government. they are not doing what was intended to do to give money to average joe to buy houses, run businesses. we're not seeing that. high interest rates are great in healthy economy. but we don't have healthy economy. we have a economy really never recovered from recession in my opinion. >> economic argument doesn't matter. all about price action. market is up 45% since the june low. >> the fed doesn't care about price. >> that's what we trade here. we trade market. with we're not here to argue economics. the score is how the markets are doing. housing xhb, is is up 70% since the lows. markets responded very well even with rates -- david: alan, everything growing so well why do we need any bond buying at all by the fed. >> that's why we're reducing it.

over a period of time we're reducing it so there is not a shock to the system. >> why do we have to worry about a shock to the civil? why are we worried about the civil? why can't we let fed let markets free trade? they're not free trade. this is price fixed as we trade. matter of manipulation. >> changing and lowering interest rates is not the fed's mechanism to stimulator knock the economy. that is their role. >> they're manipulating price of market. >> manipulate something pretty strong word. >> i will stand by it. microsoft or apple did the same thing they would call it manipulation. >> before the in history. david: i was getting wrap a minute ago. so we've run out of time a long-time ago. alan, todd, you guys are wonderful. thank you very much for being here. tough have your own show. liz, over to you. liz: david, you take todd. i will take alan. alternative investment, how about taking stake in a football player could be ripe with risk. maybe opportunities as ceo of a company that is letting

investors buy shares of 49ers tight end vernon davis. plus want to set up your portfolio like warren buffett or carl icahn or david einhorn or any billionaire? we'll tell you how to invest just like a billionaire without breaking the bank. takes one simple fact. big security flaw in microsoft's internet explorer is leaving tens of millions of people potential risk for hat act tax. you need these details coming up. ♪ peace of mind is important when you're running a successful business.

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i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. >> i'm adam shapiro. "after the bell," at&t announced that it is going to launch high speed4.

glte based in flight connectivity service for airlines and passengers in commercial, business, general aviation. shares of at&t on that news, essentially flat in the after-market. they say that the service plans to be available as soon as late 2015. it will be capable of providing in flight broadband with customers. this will compete with go-go. shares of go-go are down 14% in the after-market. >> they have been on the show. i love go-go wireless. david: me too. liz: when a player enters like a powerhouse like at&t, that could be trouble. adam, thank you very much. time for speed read. five stories. one minute. new "gallup poll" reported average retirement age is 62. that is the highest average age since the poll began in 1991. samsung will introduce a new line of premium headphones and speakers to the product lineup that will launch globally over next couple weeks. google's driverless car may be

on the road sooner than you think. the web giant says the vehicles are able to handle thousands of different urban streets which they could not navigate previously. activist investor bill ackman will bring his quest to bring down the nutritional shake company, herbalife, which we're waiting on earnings, by unveiling a documentary about people who claim to be defruited by the company. -- defrauded by company. ackman claims that the company is operating a pyramid scheme. charlie gasparino is waiting for invite. a movie won't be released until new justice league movie will be released in 2018. david: that is long time. what about investing in pro football player? liz: for the first time ever you will be able to buy an sell shares of 49ers tight end bern none daves. we have the cofounder and ceo of

fan tech, the company behind this offering. -- vernon davis. i remember when you first announced you would do this. my first thought, how is this going to work. explain to our viewers how it does. >> first the you know lying security is linked to cash flow by the brand of generated by pro bowl vernon davis. future and current nfl playing contracts and endorsements and appearance fees. importantly post-career, should he become a broadcaster or talk show host the value is linked that to that revenue stream. david: the big, how do you discount the chance of injuries? >> sure. so, we absolutely, injury is a risk we take into consideration with the discount rate. so, when we look at, say, his future nfl contract that he hasn't signed yet but we estimate, he has the potential to sign, we discount that contract. david: how, how do you discount

it. >> 15% discount rate to compensate for chance of injury. david: okay, 15%. liz: i'm still trying to wrap my mind around night sure. liz: players get traded all the time. contracts get all screwed up, how do you convince investors to take this shot? tell me how many people have shown interest and what happens next? >> well, we, you know, closed the ipo for fan tech's vernon davis. so those shares are trading in the secondary market at fan tex.com. we raised capital to acquire 10% of the vernon davis's future clash flow streeps associated with his brand -- fan tex. david: does that future cash flow involve all other means of getting income from the player? say he is injured and goes off the field and becomes a sportscaster or something like that. even then do you get a piece of him? >> in that instance you would. so it really encapsulates the

income that is generated from his consumer brand. liz: one person? sorry, go ahead. david: what? >> no, no-go ahead. david: you were saying things like speeches or? >> no. his appearance fees, of course things like appearance fees, endorsements, broadcasting radio, talk show host, things of that nature would all be encapsulated in the brand contract we sign with vernon. liz: do you see a stampede of other players? we only have vernon here on the list. i know you have spoken to other athletes including arian foster who is on houston's team, the texans. i mean one guy, how do you convince people this is a great opportunity? >> so we have more than one. ej manual, starting quarterback for the buffalo bills sign ad contract with us. liz: okay. >> actually filed his registration statement in the next one to two weeks we'll kick off his road show. david: by the way, does he have any commitment to meet with or

take advice from investors? >> zero. when we, the athlete's responsibility as the ceo of their brand and in each instance only 90% of the that brand income themselves is to do what they think is in the best interest of building their brand. we of course provide advice but it is up to them to make the decision. david: good luck. fantexaco founder and ceo buck french. nice to see you, buck. let us know how it goes. >> appreciate it. liz: want to invest like billionaires like warren buffett and carl icahn? it is easier than you think. we're talking to the ceo of a company, david, that created an app which helps you follow the brilliant money. they're more than just smart money, right? how to do that and win. he will tell you how. david: i will bring my pen and piece of paper to that particular interview. the l.a. clippers caught in a huge and growing controversy what the team's owner allegedly said about african-americans.

this sending shockwaves way beyond the nba. we'll ask "wall street journal" celebrity reporter lee hawkins, we call him hawk, what this outcry says about race and sports in america. ♪

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>> i'm adam shapiro. herbalife is suspending the dividend and raising its plans to buy back shares. let's go through the numbers. it's a beat on earnings per share in the first quarter of

2014. $1.50. street expecting $1.30. adjusted earnings per share, $1.50 on revenue of 1.3 billion. the street was expecting 1.32 billion. they're also raising their adjusted fiscal guidance for fiscal year 2014, $6.30 a share -- $6.10 a share to $6.30 a share. they're utilizing cash to rye purchase stock in the second quarter. they're upping the stock buyback from 1.5 billion. adding to it an additional $581 million worth of purchases buying stock. liz, back to you. liz: remember this is a name caught between billionaires like carl icahn and bill ackman. bill ackman is short. carl icahn is long. they are billionaires for a different reason. they invest in different ways. do you want to invest like them? now you can. i-billionaire is an everyday app helps investors make bill

decisions like the billionaires do. they track the likes of warren buffett, carl icahn and george soros this, is good, outperforming the s&p 500 for the last eight years. joining us i-billionaire's ceo. great to see you. you're outperforming. so clearly you're doing something right. but these guys have all different ways of investing. what does the app do? how does it distill what so many different style of visitors do with their money? >> one of the great things about the app, you see what warren buffett has invested in like wells fargo, ibm. you can also see what carl icahn invested like apple. so in index you can see like the mix of stocks so it is 30 large cap stocks where they have invested the most assets. and really what retail investors can see now is that how these billionaires are investing and benefit from that. liz: on your screen are the top holdings. look buffett is a wells fargo guy. icahn is an apple guy. it goes on.

when you decide, which names to track, and which billionaires, who else are you tracking? >> sure, we're looking at david einhorn, daniel lobe. so long-term investors where you see the long-term track record has really outperformed the s&p 500. they have to be billionaires and they have to have equities in their portfolios. liz: the food news for you guys, is that you just marked 100,000 downloads of this particular app. it is on itunes, correct? night is an iphone an android app. liz: and i-billionaire. >> yes. liz: i know you're in a quiet period before you launch the active-e tf and can you give us general discussion what the etf will have. >> 30 large cap u.s. stocks. liz: large cap? >> large cap. only u.s., not international or mid-cap. really what that gives investors

a well-diversified portfolio of the biggest and best companies where these billionaires invested the most assets. liz: what is the fee? >> i can't really talk about that but it is all in the prospectus. liz: it will be in the prospectus. let me talk about fees in general. why not just buy a large cap u.s. index fund. >> sure. here is one, the performance is much better. you can see the index performance in the last 12 years. it has been more than 12% compared to only 7% of the s&p 500. and then, you can really invest in all these different companies for a very low fee. liz: when us did the atf go live? >> -- etf. we'll have to see bit. it is in quiet period right now. so -- liz: do you follow bill ackman? i bring that up, because he is very involved in herbalife. >> yes. he is in our app. you can see all his holdings and icahn and other investors on the opposite side of the trade. liz: exactly. meet the billionaires and

one-year performance is pretty impressive for all of them. listen, thank you so very much. great to see you. we'll be watching for the etf. come back when you're ready to launch. liz: thank you, liz. nice to see you. liz: david, who doesn't want to invest like billionaire. david: you will talk with a billionaires, right? liz: speaking of. i'm getting ready to head out to omaha, nebraska, for my weekend with warren buffett coverage. they like to call it the weekend of capitalism. we are right next to warren buffett the whole entire weekend. i will be speaking with warren buffett himself as well as some surprise guests. you know he has 79 companies under his umbrella. ones that you are all very familiar with. some of the managers don't often talk. guess what, i have rare behind the scenes access to some of these people and to warren buffett himself. you can have that too. if you've got a question for warren buffett, tweet me or facebook me, use hashtag, ask liz. get in conversation. i may choose your question to

use during the one-on-one conversation with the "oracle of omaha" one week from today. stay tuned. david? david: we'll be watching, liz. l.a. clippers owner, donald sterling is caught in a vortex of controversy after he allegedly made raisist remarks about african-americans. could this sink his ownership of the franchise as rising number sponsors pull the money. what does it mean for ownership in the nba, minority ownership? we'll ask lee hawkins, "wall street journal" celebrity reporter who interviewed magic johnson on these matters. we'll show you the clip. there is a cyber alert that could affect more than half of the world's computers, more than half. you want to hear details about this. ♪ she loves a lot of the same things you do.

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liz: it's a new flashpoint over race in america. donald sterling, the owner of the l.a. clippers since 191, allegedly made racially charged comments after seeing this photo on instagram with his girlfriend with magic johnson. not first time sterling faced racial allegations. what is the future for sterling, the clippers around the nba? david: joining us lee hawkins, "wall street journal" celebrity business reporter who sat down in the past with magic johnson talking about minority ownership with him. talk about what happens to

sterling. they have carmax, these are the sponsors who have now deserted because of all this. carmax, state farm, virgin america, kia and recently red bull. how long can this bleeding continue? because this guy has bills to pay. >> depend how much money he is willing to lose. the nba will weigh in for this situation. already the market forces are taking over. and i think that's the way this is going to be handled because there is only so much that the commissioner can do in this situation. maybe they fine him a million dollars. maybe they ban him from the games. they can't take the team away from him. what is going to have to happen, there is going to be need to be boy scots or sponsorship. when the money starts to be a lot of, that is when the situation will handle itself -- lost. >> they have already lost, our guest at 3:00 p.m., and patrick risch teaches sports economics, tens of million of dollars from

the sponsorships. that is big chunk of change. could he eventually lose the team. >> he is a very wealthy man. $10 million is a lot of money. in context of net worth over 2 billion, once again depends how emotionally tied to this investment he is. liz: he can't attend his own fames. what is the point -- >> really depends on the public. can't just be african-americans deciding to boycott clippers games. but you know what? i think we're in a place in society where it could actually be the entire public. and if that happens, yes, he has to think about that. >> as liz was saying we were introducing this, this isn't the first time these charges have been made against this guy. yet through all the charges and some of them seem to be pretty well substantiated, he keeps getting rewards. he was due to receive, he has not yet, the 2014 naacp of lifetime achievement award. this is the second time he has received this award. he also, by the way, the black business association of l.a.

gave sterling its humanitarian award in 2008. this guy is by himself good awards, despite perhaps some personal behavior. >> somebody didn't do their due diligence,. david: the fact you can buy a good reputation is that what this boils down to. >> i don't know what it boils down to. i'm really floored the naacp was honoring him with all of this information that was in the public -- liz: on the screen are lawsuits. forget, for the moment the sexual harrassment case. accused of unfairly evicting minorities from his property. he is in real estate. 2009. race-based housing discrimination settlement of 2.7 million. a jury found that he was guilty of something. >> well, there were other things that were in a deposition of elgin baylor who actually sued him, who was an employee of his, you would think the naacp would have seen and been aware of. once again, i can not explain why they did this.

david: okay. the players, in nba major league baseball eventually became integrated. the last thing to take place in terms of process of integration across racial lines is ownership. >> yes. david: michael jordan is only majority owner. there are main north stakes in nba teams but what about, another, a group of black players, for example, getting together, pooling their resource, and taking over this team? magic johnson may have some interest here. >> well the collective bargaining agreement will preclude current players owning teams. michael jordan and magic johnson set forth a good model for ownership. david: have you talked to magic. >> i have. here is what he said. >> you have to have a lot of capital. i'm not talking about what you're worth but how much money you actually got in the bank. i think we will own teams, more

of us will. i think it is something we never looked at before. or dreamed about before. >> i love this guy because he is master of partnerships. he made $3.2 million at his highest level of pay in the nba. he is now worth $500 million. he did that through partnering, keeping his brand clean, and figuring out a way to learn the business. liz: read magic johnson's business books. it is one the best business books ever written. i strongly recommend it. yet he doesn't own a team yet. he wants to. what if he now is emboldened by this situation says the best revenge is success he turns around around figures out a way to have this guy lose it and gets together with ex-players, charles barkley, shaquille o'neil, they have a lot of money. >> i think you're right. ironically that could happen. so far magic johnson, he wrote a

50 million-dollar check in cash to buy a small stake in the l.a. dodger. but majority ownership, as he said is something on a totally different level. michael jordan was able to do that because he bought the team for 275 million in 2010, the bobcats, from bob johnson, who was america's first black billionaire. i think what needs to happen now is that these young men in the nba need to understand something. it's not about buying bentleys. it is about buying businesses, okay? for too long, african-americans have, for decades, upon decades have built wealth but the reality, or have become rich but there's a distinction between being rich and wealthy. i think this is the emotional jolt that these young men need to realize, for every basket you score, that's another dollar in donald sterling's pocket, okay? do these individuals really want to continue to play, you know,

william roaden wrote a great book called, 40 million-dollar slave. every time there is some kind of contract negotiation or disagreement, right, over the contract, there are these references to slavery and these guys are saying, oh, we're on the plantation. but reality is what can you do to empower yourself, okay? what, it's not about looking to the nba to impose some kind of affirmative action program because they can't do it. the reality is, that teams that are owned, regardless of what color you are, you have to have several billion dollars to own a team. david: got to leave it at that. >> whether you're white or black. it is about green, david. david: not about color, except the color of green. liz: great point. lee hawkins of "the wall street journal." david: microsoft is working to a fix a security flaw that could affect tens of millions of computers, maybe yours among them. we'll tell you about the risk to cyber security and who won't be getting any help from microsoft. liz: this is a picture of a

project being worked on by students at university of liverpool. what is that? can you guess? david: i don't want to swallow it. liz: i guaranty, david, you won't get it right. but we'll have details in "off the desk." david: depends where it belongs. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq.

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david: microsoft is warning

computer users about a security flaw affecting its flagship browser, internet explorer. this allows hackers the same level of access to a network computer as that computer's user has. liz: our own jo ling kent has more on the story. we all use it, right? >> that's right, liz, dave. department of homeland security to avoid internet explorer 6 through 11 as microsoft rushes to fix through a security flaw. they said it comes from a hakam pain targeting u.s. financial and defense companies called operation clandestine fox. microsoft explains the situation, quote, an attacker who successfully exploited this vulnerability could gain the same user rights as the current user some essentially, hackers tend to impersonate you. no specific group has been blamed for the problem yet. it does not appear to be widespread. according to security firm fireeye, internet explorer makes up 26% of the browser market globally. microsoft is investigating issue

and they pull out a patch to fix it soon of the company usually releases security patches the first tuesday of the month that could be a soon as next tuesday, may 6th. but for those who are running windows xp, they're out of luck. microsoft stopped serving the 13-year-old operating system earlier this month. according to reuters, between 15 and 25% of pcs around the world overall, still run windows xp. liz and dave, the stock did not take a hit. it was up 2.4% today. david: healthy gain. thank you, jo. appreciate it. >> thank you. >> bike races may never be the same again. engineers are developing what is being called the first fastest bicycle. david: how fast? liz: you don't believe it, david, how fast it can go and what it looks like. latte or au lait?

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capital program. great move by hlf, herbalife, to suspend dividend and buy back shares. herbalife accelerates returns to shareholders, confirms confidence in the future. higher in after-hours session. david: a little bit at 58.85. now 59.01. think of everything bill ackman thrown at the stock. still manages to hold its own. he is doing a documentary. connie chung is apparently involved talking about it being a pyramid scheme. "off the desk," engineers work to design the world's fastest bike. looking at picture after bike? doesn't look like it has wheels and rider. it is encased in an aerodynamic shell with inverted tear drop shape to allow to cut through the air as easy as possible. i thought it was a bill. eight engineering students at university of liverpool are designing the bike to break the current speed record of 83 miles

an hour. arion 1 expected to reach 90 mile-per-hour speeds. liz: twitter earnings tomorrow "after the bell." expected to post a loss of three cents. gerri willis is next. gerri: hello, everybody i'm gerri willis. right now on "the willis report." has your electricity bill shot up lately? get used to it. electricity prices may be going up for good. also, how do you do that? getting the best seat on a plane. sell in may and to away. it is an old stock market addage, but will it hold true this year? we're watching it for you on "the willis report." hold on to your wallet because those high electricity prices at many of us have seen lately, well they may be with us for a while. one of the main reasons is torrent of new government regulations. those regulations range from the closing of coal-fired plants to